Westports to increase container-handling capacity by 2m teu

Westports to increase container-handling capacity by 2m teu

Kuala Lumpur: Malaysian port operator Westports is expected to increase its container handling capacity to 13m teu from the current 11m teu following the completion of its Container Terminal 8 (CT8) by the middle of 2017, according to Ruben Emir Gnanalingam, ceo of the company.

“Our focus is always skewed towards a supply-driven approach to meet our customer demand. With CT8, we will be able to handle big vessels while continuously maintain the highest level of productivity,” Gnanalingam said in a speech yesterday.

Westports said earlier that it would invest RM1bn ($269.4m) from 2015 to 2017 for the development of CT8. The budget for the project in 2015 is RM400m ($107.7m).

Westports posted a record net profit rising 17.7% to RM512.2m ($138m) for 2014 from RM435.3m in the previous year. Its container throughput in 2014 also grew to 8.4m teu from 7.5m teu in 2013.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

Related Posts